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GSK Consumer Healthcare posts Rs. 583.6-crore profit in 2014-15

Manoj Kumar appointed MD, Vivek Anand CFO New Delhi, May 2015: FMCG firm GlaxoSmithKline Consumer Healthcare Ltd has posted a net profit ofRs. 583.6 crore for the 12-month period ended March 31, 2015. Net sales for the...

Wellness Forever raises Rs. 20 cr from investors

Mumbai, April 24, 2015: Wellness Forever, a Mumbai-based retail pharmacy chain, has raised Rs. 20 crore from a consortium of investors in exchange for a minority stake in the company. The investors — high networth individuals and family offices...

Dr Reddy’s capacity expansion

HYDERABAD, MARCH 29, 2014 : Dr Reddy’s Laboratories will be investing Rs.1,000 crore in capacity expansion during the next financial year, according to Chairman GV Prasad. He said the proposed investment would cover expansion of the existing facilities as...

Portea Medical Announces Rs. 48 crores Funding from Accel Partners and Ventureast

Largest Series A venture capital investment in a home healthcare company in India underscores Portea's leadership and growth prospects Bangalore, December 03, 2013 : Portea Medical, India's home healthcare pioneer today announced that it has received...

Policy on Foreign Direct Investment in the Pharmaceutical Sector

New Delhi November 30, 2013: The Cabinet considered the proposal of the Ministry of Commerce and Industry, for review of the policy on foreign direct investment in the pharmaceutical sector. The Cabinet decided that the current policy in brownfield...

GSK Announces New Rs. 864 crore [£85million] Pharmaceutical Manufacturing Investment in India

Mumbai, November 15, 2013 : A new Rs. 864 crore factory creating 250 jobs in India was today announced by healthcare company GlaxoSmithKline (GSK) as part of its continued commitment to ensuring access to medicines for people in...

The 7th Edition of Indian Pharmacopoeia 2014

New Delhi Nov 5, 2013 : Scope of Pharmacopoeia Extended to Include Products of Biotechnology, Indigenous Herbs and Herbal products, Veterinary Vaccines and Additional Antiretroviral Drugs and Formulations     The Union Health and Family Welfare Minister, Shri...

Mitra Biotech Raises Venture Capital Funding from Tata Capital Innovations Fund

 Bangalore, Karnataka, India, Thursday, October 24, 2013: Tata Capital Innovations Fund, a domestic venture capital fund managed by Tata Capital has invested in Mitra Biotech Private Ltd (Mitra), to help the company scale up its go to market strategy...

KKR to invest about $150 million in India’s Gland Pharma

Mumbai, October 13, 2013: Private equity firm KKR & Co LP will pay about $150 million for close to 30 percent of India's Gland Pharma Ltd, two sources with direct knowledge of the matter said, in what would be...

7th India-Russia Trade and Investment Forum focuses on Pharma, tourism and services

New Delhi, September 22, 2013: A high level delegation of 120 Indian business leaders led by Union Minister of Commerce and Industry, Shri Anand Sharma discussed various business opportunities with their Russian counterparts at India-Russia Trade and Investment Forum...